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1 March 2009

15 February 2009 was the 15th day of the eighth month of the 3rd year of Canadian national consciousness rising to invincibility.

15 February 2009

Dr William Overall, National Director of the Global Country of World Peace in Canada, presented highlights of news reports reflecting Canada's rising invincibility from Yogic Flying groups across Canada and the large Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

Extensive scientific research has documented the Maharishi Effect of rising coherence, harmony, and peace created in the collective consciousness of a nation by large groups of Yogic Flyers. The effect has been found to extend beyond national borders when the group is of sufficient size.

Following are press reports featured in Dr Overall's presentation:

The Financial Post - Canada back as global diplomat (14 February 2009) London will soon host a working session for Group of 20 leaders as they grapple with the financial crisis. The summit in six weeks time is being preceded by a series of ad hoc meetings of senior finance officials to come up with a global action plan. While consensus is proving elusive on several key reform principles, people involved in the spade work tend to agree on one thing: Canada is slowly regaining the diplomatic leadership role it once exercised in international economic affairs. The country has been asked to chair one of the key working groups on addressing weaknesses in the oversight of financial institutions and will establish principles that could be used to run the world's financial system for decades to come. Ideas championed by Mark Carney, the Governor of the Bank of Canada, are gaining currency among Western governments once comfortable letting the market run its course. These proposals have been placed high on the official agenda of the summit. Canada has also become a useful proxy for officials in the Obama administration that hold the country up as a model of how 'regulation can work'. Paul Volcker, a White House adviser and former chairman of the US Federal Reserve, this week sketched out a vision for the future of the banking system that would look 'more like the Canadian system than it does the American system'.

The Globe and Mail - In Canada, G20 countries see the future of banking (15 February 2009) As banks everywhere implode, get nationalized, or survive by shedding assets with alacrity, the Canadian and Spanish banks are, relatively speaking, soaring. Regulatory regimes that once seemed stifling now appear enlightened, and seem to have done the trick. The Group of 20 nations has taken notice and are looking to the Canadians and the Spanish for inspiration. Designing regulatory systems that could prevent another financial collapse is the goal. Canada is especially prominent on the regulatory leadership file. Tiff Macklem, the associate deputy minister of finance, was recently named co-chairman of the G20 group, known as Working Group One, that is charged with enhancing the regulation of financial services and improving transparency. The other co-chairman is Rakesh Mohan, deputy governor of the Reserve Bank of India. Their report will be submitted to the next G20 meeting of finance ministers and central bankers on 14 March and is likely to feature prominently at the full G20 meeting in London in early April. 'We have a lot of credibility on this file,' Mark Carney, Governor of the Bank of Canada, said on Saturday. While the Canadian banks have lost considerable amounts of stock market value, their strength is remarkable by global standards. In the last four months, the Big Five banks have collectively raised about C$9 billion in common equity and preferred shares. Their dividends have remained intact and their capital ratios are still comfortably above the regulatory minimum. And, so far, taxpayer funds have not been used to bolster them.

Bloomberg News - Carney says health of Canada banks means rate cuts will be more effective (14 February 2009) Bank of Canada Governor Mark Carney said the relative strength of the country's banks means recent interest rate cuts will be more effective. Policy makers' interest rate cuts are being 'passed on' to consumers by commercial banks, and credit in the economy is growing, Carney said in an interview in Rome, where he attended a meeting of G7 finance ministers and central bankers. There is 'almost a quantum difference in the financial position of the Canadian banking system', Carney said. 'That will have a bigger impact, in our opinion, in terms of the recovery in Canada.' Finance Minister Jim Flaherty said in a separate interview that none of the country's banks have applied for loan guarantees offered by the Canadian government. Flaherty said he expects Carney's interest rate cuts to 'show traction' in time, adding that the central bank already has done 'a lot' to stimulate the world's eighth-largest economy.

The Globe and Mail on favourable mortgage conditions (13 February 2009) With home owners looking to refinance mortgages to shave dollars off, Toronto-area mortgage brokers are busy as beavers, says Jim Murphy, president of the Canadian Association of Accredited Mortgage Professionals, their national trade group. Mortgage rates are down. But forget posted rates from banks, currently at about 5.4 per cent. Brokers say lenders are so eager to make loans, they can negotiate rates down to 4.49 per cent or even 4.39 per cent for a five-year mortgage with early repayment options. 'It is really a great time for borrowers,' Mr Murphy says. 'The credit crunch may affect corporations but banks see home loans as safe, secure, solid investments.' Part of the reason lies in the Canadian psyche, he suggests. Canadians are firm believers in building equity in their homes. 'A survey we did earlier this year shows the average Canadian homeowner has 70-per-cent equity in their home,' he says.

The Canadian Economic Press on Canadian home resale prices in January (13 February 2009) The weighted national average home resale price in January was down 6.2% from a year earlier, the Canadian Real Estate Association reported. Meanwhile, markets that saw prices up from year-ago levels include Montreal, Ottawa, Gatineau, Quebec City, Oshawa, Winnipeg, Regina, and Halifax-Dartmouth. (Provincially, the average home resale price was up from year-ago levels in Saskatchewan, Manitoba, Prince Edward Island, and Newfoundland & Labrador.)

From a Globe and Mail report on this: Prices were up the most in Newfoundland and Labrador (up 20 per cent), and Halifax-Dartmouth and Quebec City (up 11 per cent).

The Globe and Mail - How to erase your carbon footprint (10 February 2009) Last June, Toronto-based Environics Communications became 'the first North American public relations agency to become carbon neutral', its president, Bruce MacLellan, said. They started with a detailed audit of the greenhouse-gas emissions from its operations—everything from office paper use to fuel and electricity consumption, from staff commutes to business travel—followed by a concerted effort to reduce those emissions. 'While we operate in the services sector, as do 80 per cent of all SMEs [small and medium-sized enterprises], and have fewer than 100 employees, the 237 tonnes of carbon we created in 2007 will never be reached again,' Mr MacLellan says. 'Now imagine if even a fraction of the other one million SMEs in Canada did the same.' Environics also found going green a key staffing tool: Many of its new employees say the sustainability policies were an important factor in deciding to join the firm.

The Toronto Star on first development in Canada to be built entirely to LEED platinum standard (14 February 2009) Last month, Shelagh and Denis Dunlop became the first homeowners to move into the first residential development in Canada built entirely to Leadership in Energy and Environmental Design (LEED) Platinum specifications, the highest 'green' home rating in North America. The 34 homes in the EcoLogic development by Rodeo Fine Homes in Newmarket, Ont. will use at least 50 per cent less water and generate 60 per cent less solid waste, greenhouse gas production, and energy consumption than conventional homes. Many of the products used come from local suppliers, such as air solar panels manufactured in Vaughan and Forest Stewardship Council certified lumber from Kott Lumber in Stouffville. The roofs are outfitted with solar panels, which have been unobtrusively integrated into the home. 'Fifty per cent of the overall space heating and hot water heating will come from the sun,' says John Godden, an energy-efficiency building expert, who served as consultant on the project. All homes will have a solar pre-heat water system, which heats water before it goes to the boiler. The system supplies 100 per cent of hot water in summer, resulting in an average 50 per cent saving year-round. The homes also have rainwater cisterns, collecting runoff to flush plumbing and water gardens. 'It's huge for us, being able to reduce our footprint on the planet,' Shelagh Dunlop says.

The Montreal Gazette - New B.C. regulations would let naturopathic doctors prescribe drugs (15 February 2009) Naturopathic doctors in British Columbia could soon be allowed to prescribe medications if the provincial government goes ahead with plans to change its health profession regulations. The changes would make B the first province in Canada to grant naturopathic doctors the authority to order lab tests and to prescribe drugs. Naturopathic medicine is regulated by the College of Naturopathic Physicians of British Columbia. Lorne Swetlikoff, president of the college, says the revised regulations are within the scope of practice for naturopathic doctors because they are already fully trained in pharmacology, much like medical doctors, and they are trained to diagnose and treat disease. To become certified as a naturopathic doctor in Canada, one must complete an undergraduate degree—usually in the sciences—and then complete a four-year programme that includes training in biology, anatomy, pharmacology, and diagnosing disease. BC Health Minister George Abbott said in a statement that expanding the role of naturopathic doctors will allow the provincial health-care system to provide people with more options for health service delivery. Isis van Loon, a naturopathic doctor and dean of clinical studies at New Westminster's Boucher Institute of Naturopathic Medicine, stressed that naturopathic doctors do not consider pharmaceuticals their primary method of treatment.

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